Europe open: Stoxx up on Trump tariff pause

(Sharecast News) - European shares opened higher on Tuesday as investors eyed the latest attacks on Ukraine by Russia and developments on US trade policy with the EU. The pan-regional Stoxx 600 index was up 0.41% in early trade with most major bourses higher. France's CAC 40 rose after data showed consumer prices rose less than anticipated in May, signalling subdued inflationary pressure, and Germany's DAX edged towards a fresh intra-day high.

"US futures point to a higher open on indices, as optimism spreads after the holiday break. (President Donald) Trump once again has pressed the pause button, this time on proposed 50% tariffs on imports from the European Union, which caused nervousness at the end of last week," said Hargreaves Lansdown analyst Susannah Streeter.

"The DAX and CAC-40 had already gained ground on Monday, after the extension to talks was announced with the European Commission."

"Still, plenty of uncertainty remains about the exact outcome in the raft of ongoing negotiations with nations around the world."

Reporting by Frank Prenesti for Sharecast.com